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I require information on turnover tax requirements.

Posted 9 March 2016 under Tax Q&A


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Lady says:
9 March 2016 at 11:50

I am starting a small business and was looking at turnover tax as an option. The manual turnover will be under 300k. Do I need to register or is it only a requirement if you are earning over the allowed amount. Is turnover tax after expenses or on the total amount paid into the company bank account.

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TaxTim TaxTim says:
9 March 2016 at 14:50

You would need to register with SARS and the Turnover amount is the amount earned before expenses.


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Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!